In this video, I show you the BEST and MOST SIMPLE trendline trading strategy that NO ONE talks about. Combine trend lines and price action is one of the most important trading concepts you must learn, understand and apply in order to be a successful trader. We use trend lines for two reasons. The first
Share: NZD/USD shows a likelihood of a continuation to the downside. The 0.6180 structure is the line in the sand. As per the prior analysis, NZD/USD Price Analysis: Bears eye a continuation to 0.6120, the bias remains bearish as the following will illustrate. NZD/USD prior analysis NZD/USD was embarking on a run to test a 50% mean reversion level
WTI crude oil futures settle at $77.29, declining by $1.87 or 2.36%. Throughout the day, prices fluctuated between a low of $76.97 and a high of $79.07. Examining the daily chart, the low price narrowly missed its 100-day moving average (MA) by $0.14, settling at $76.83 (refer to the blue line in the chart). Buyers
This tweet will be one year old tomorrow and I think it captures the popular sentiment at the time. What’s happened since? Mortgage rates have risen faster and higher than nearly everyone thought and what’s happened? In today’s US existing home sales report, prices were down just 0.9% y/y. The largest US home builder —
Swiss Franc is currently the strongest performer for the day, showing a notable gain the Euro. Japanese Yen and Australian Dollar follow closely, indicating that the market moves are not predominantly driven by risk aversion. In contrast, New Zealand Dollar is the weakest, as lower-than-expected inflation data increases hopes that RBNZ is nearing a pause
A home in Lynch, Kentucky. Scott Olson | Getty Images The banking turmoil of March, which saw the collapse of several regional U.S. lenders, will lead to a credit crunch for “small-town America,” according to veteran strategist David Roche. The collapse of Silicon Valley Bank and two other small U.S. lenders last month triggered contagion
Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Finnish telecoms giant Nokia on Thursday posted quarterly operating profit that fell short of market expectations. The firm reported operating profit of 479 million euros ($524.94 million) in the first quarter, down from 583 million in the same
NEW DELHI: Gold prices softened on Thursday following strength in the US dollar as Street keeps its eyes fixed on the Federal Open Market Committee (FOMC) meeting scheduled early next month. Bullion is expected to trade range-bound over the next two weeks. Any rate hike by the US Federal Reserve is expected to strengthen the
The price of Dogecoin (DOGE) has almost doubled after bottoming out at $0.0491 in June 2022, alongside a similar recovery across the cryptocurrency market. On April 20, DOGE is trading for as high as $0.0942, up around 94% versus the last year’s bottom. But, despite its impressive rebound, its price is still 88% below its
Share: The index gives away some gains below the 102.00 mark. Global markets remain within a consolidative phase so far. Weekly Claims, Philly Fed Index next of note in the docket. The greenback, when tracked by the USD Index (DXY), trades slightly on the defensive below the 102.-00 region on Thursday. USD Index looks at
After the close, Tesla will announce her earnings for the 1st quarter: EPS is expected $0.85 Revenues are expected $23.21 billion according to Refinitiv estimates Analysts are in addition to the earnings will be paying close attention to margins. Today Tesla cut prices on its vehicles for the 6 that time since the end of
There’s been plenty of back and forth action in markets this week as traders continue to weigh up the outlook for major central banks. UK CPI data triggered some more sticky inflation fears yesterday but not everything, everywhere else is equal. NZ CPI data came in softer today and that is prompting markets to price
New Zealand Dollar dropped broadly in Asian session today after a lower-than-expected consumer inflation reading increased speculation that the next RBNZ rate hike may be the last in the current cycle. This development also pulled Australian Dollar down, making them the day’s worst performers so far. In contrast, Swiss Franc and Euro are trading higher,
In this article IBM Follow your favorite stocksCREATE FREE ACCOUNT IBM Chairman and CEO Arvind Krishna appears on a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Stefan Wermuth | Bloomberg | Getty Images IBM issued stronger-than-expected first-quarter earnings on Wednesday even as the technology and consulting company reported
Discover the best price action range trading strategies for Forex and stock market. In this video you’ll learn: • how to make money trading ranges and consolidations on stocks and Forex market using price action • what is a trading range and how to correctly trade ranges on Forex and stock market • how to
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Share: Analysts at Danske Bank forecast the AUD/USD pair at 0.68 in a month, at 0.68 in three months and at 0.67 in a six months period. Key quotes: “The Reserve Bank of Australia (RBA) paused its hiking cycle in March following the banking sector uncertainty. After the strong March employment data, markets now price